Short Interest in WhiteHorse Finance, Inc. (NASDAQ:WHF) Rises By 16.6%

WhiteHorse Finance, Inc. (NASDAQ:WHF - Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 239,300 shares, a growth of 16.6% from the October 15th total of 205,200 shares. Based on an average daily trading volume, of 77,700 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.3% of the company's stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WHF shares. Raymond James reiterated a "market perform" rating on shares of WhiteHorse Finance in a research note on Friday, November 8th. Oppenheimer lowered WhiteHorse Finance from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $14.00 to $12.00 in a research note on Monday. JPMorgan Chase & Co. decreased their target price on WhiteHorse Finance from $12.50 to $11.50 and set an "underweight" rating for the company in a research note on Monday, July 29th. Finally, StockNews.com downgraded WhiteHorse Finance from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $12.25.

Institutional Investors Weigh In On WhiteHorse Finance

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC increased its holdings in shares of WhiteHorse Finance by 4.7% during the third quarter. Sound Income Strategies LLC now owns 895,062 shares of the investment management company's stock worth $10,356,000 after buying an additional 39,839 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in WhiteHorse Finance by 12.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 192,908 shares of the investment management company's stock valued at $2,232,000 after purchasing an additional 21,616 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in WhiteHorse Finance by 16.0% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 64,275 shares of the investment management company's stock valued at $813,000 after purchasing an additional 8,866 shares during the last quarter. Marshall Wace LLP acquired a new position in WhiteHorse Finance in the second quarter worth $647,000. Finally, Blue Trust Inc. grew its holdings in shares of WhiteHorse Finance by 15.2% during the third quarter. Blue Trust Inc. now owns 38,000 shares of the investment management company's stock worth $466,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 13.20% of the company's stock.

WhiteHorse Finance Stock Performance

WHF traded up $0.09 on Friday, hitting $10.62. 76,933 shares of the stock traded hands, compared to its average volume of 82,954. The business has a fifty day moving average price of $11.65 and a two-hundred day moving average price of $12.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $246.81 million, a PE ratio of 23.60 and a beta of 1.28. WhiteHorse Finance has a 52 week low of $10.48 and a 52 week high of $13.44.

WhiteHorse Finance Increases Dividend

The company also recently announced a -- dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a $0.385 dividend. This is a boost from WhiteHorse Finance's previous -- dividend of $0.05. This represents a yield of 13.9%. The ex-dividend date of this dividend is Friday, December 20th. WhiteHorse Finance's dividend payout ratio (DPR) is 342.23%.

WhiteHorse Finance Company Profile

WhiteHorse Finance, Inc is business development company, non-diversified, closed end management company specializing in originating senior secured loans, lower middle market, growth capital industries. It invests in broadline retail, office services and supplies, building products, health care services, health care supplies, research and consulting services, application software, home furnishings, specialized consumer services, data processing and outsourced services, leisure facilities, cable, and satellite.